Kiser Group Closes on Three-Building Deconversion Deal in Lakeview
Kiser Group advised on the $32.3-million sale of The Barry Quad, a three-building, 115-unit condominium deconversion in the North Side’s Lakeview neighborhood. The Barry Quad sale represents only the second vintage walk-up property of 100 units or more to trade in Lakeview in the past decade.
Andrew Friedman and Jake Parker represented both the seller, Barry Quadrangle Condominium Association, and the buyer, North Park Ventures. “With three buildings, 115 units and 113 separate owners, the Barry Quad deconversion sale was a huge undertaking,” said Friedman.
“Each building has its own distinct heating and cooling systems and differing amenities,” he continued. “Further complicating the effort, each individual unit had been customized since the 1984 conversion, leading to zero uniformity of unit finish levels. Pre-sale valuation and buyer due diligence were quite involved processes that required multiple property visits and coordination with owners.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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